Question 25 0.5 pts Ekezial Limited owns 70 per cent of the issued capital of Bonding Limited and Ekezial Limited owns 55 per cent of the issued capital of Toast Company. The three companies form an economic entity for the purposes of consolidated accounts. During the period Bonding Limited sold inventories to Toast Company for $300 000. It cost Bonding Limited $200 000 to produce. Toast Company sold the same inventories to Ekezial Limited for $500 000 and Ekezial Limited sold it to Lasting Limited for $600 000. What is the sales revenue reported in the consolidated statements for this item? $600 000 $1 400 000 $1 100 000 $1 000 000 > Question 30 0.5 pts Super Limited acquired a 42% investment in Fantastic Limited for $850 000. Fantastic Limited declared and paid a dividend of $25 000 during the current financial year. Super Limited does not have any subsidiary. Which of the following would be the most appropriate journal entry for Super Limited to record this dividend in its books? O Dr. Dividend income $25 000 Cr. Investment in Fantastic Limited $25 000 O Dr. Cash $10 500 Cr. Investment in Fantastic Limited $10 500 O Dr. Cash $25 000 Cr. Dividend income $25 000 O Dr. Dividend income $10 500 Cr. Investment in Fantastic Limited $10 500